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Bulgarian court ordered access to 40 investment sites to be blocked after the Financial Supervision Commission (FSC) alerted that they offer investment services in the country without being authorized.
These websites offer trading in forex, CFDs or binary options. Binary options are currently banned in all EU and the EEA, while forex and CFD providers in Bulgaria have to be licensed by the FSC or similar authority in another EU Member State. According to the Bulgarian Financial Watchdog, however, most of these websites are owned and operated by foreign companies, registered in offshore zones.
Here is the complete list of websites which FSC has blacklisted. Actually, we have reviewed most of those forex and binary options brokers in detail:
The court ruling gave internet providers 24 hours to block the access to the above websites, but our check revealed that many of them are still accessible.
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FXTM a regulated forex broker (regulated by CySEC, FCA and FSC), offering ECN trading on MT4 an MT5 platforms. Traders can start trading with as little as $10 and take advantage of tight fixed and variable spreads, flexible leverage and swap-free accounts. XM is broker with great bonuses and promotions. Currently we are loving its $30 no deposit bonus and deposit bonus up to $5000. Add to this the fact that it’s EU-regulated and there’s nothing more you can ask for. FXCM is one of the biggest forex brokers in the world, licensed and regulated on four continents. FXCM wins our admirations with its over 200,000 active live accounts and daily trading volumes of over $10 billion. FxPro is a broker we are particularly keen on: it’s regulated in the UK, offers Metatrader 4 (MT4) and cTrader – where the spreads start at 0 pips, Level II Pricing and Full Market Depth. And the best part? With FxPro you get negative balance protection. FBS is a broker with cool marketing and promotions. It runs an loyalty program, offers a $100 no-deposit bonus for all new clients outside EU willing to try out its services, and an FBS MasterCard is also available for faster deposits and withdrawals. FxChoice is a IFSC regulated forex broker, serving clients from all over the world. It offers premium trading conditions, including high leverage, low spreads and no hedging, scalping and FIFO restrictions. Best Binary Options Brokers 2020:
HotForex is a EU Regulated broker, offering wide variety of trading accounts, including Auto, Social and Zero spread accounts. The minimum intial deposit for a Micro account is only $50 and is combined with 1000:1 leverage – one of the highest in the industry.
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CFD BrokerAlthough CFD are a relatively new way to trade within the stock market and other financial markets, it is a rapidly growing area of the investment markets. Seasoned traders are dabbling with this technique and it has opened the door for many novice traders to invest in the markets. However, it is essential to understand the processes and risks associated with this type of trading. CFD became a legal trading vessel in 2008 when the United States recognized it as a valid, although different way to trade on the stock exchange. It is recognised as one of the easiest ways for anyone to start trading; particularly those with no experience. When you trade in CFD you never own a commodity or asset. Instead you are speculating on whether the price of a specific asset; usually defined by the share price, will go up or down within a set period of time. 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In addition, you never have to worry about a margin call. Forex: Forex allows you to use margin and the maximum margin is set by the broker – it is usually 1:500 or 1:200. Margin enables you to increase your trading capital so you can place larger trades which produce larger profit but also can create larger losses if the trade goes bad.
Losses and Payouts Binary Options: Before you open a binary options trade, you will know what your loss will be if the trade does not go your way and you will know what your payout will be if your trade finishes in-the-money. The typical return on binary options is between 65% and 100% and because you know the potential profit or loss, you can easily manage your risk. Binary Options and Forex Trading Forex: In forex trading, there is no limit of the maximum profit that you can make from a trade. You can set a stop or limit order that guarantees a particular profit percentage if the stop or limit is executed. Losses in forex trading can also be managed with stop and limit orders in the same way as profit is managed. The maximum loss could be all of the trading funds in your account. Binary Options and Forex Trading Types of Orders Binary Options: There are a variety of different binary options orders to choose from including the popular high/low also known as up/down or call/put. There are also several other types of orders that may or may not be offered at binary options brokers. Forex: There are also a number of order types in forex trading and the most important are buy-sell orders. There are also advanced order types like hedge orders, trailing stop, limit, OCO, stop and others. Best Binary Options Brokers 2020:
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